[Federal Register Volume 71, Number 51 (Thursday, March 16, 2006)]
[Notices]
[Pages 13674-13675]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 06-2541]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection: Comment Request for Form TD F 90-22.1

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Notice and request for comments.

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SUMMARY: The Department of the Treasury, as part of its continuing 
effort to reduce paperwork and respondent burden, invites the general 
public and other Federal agencies to take this opportunity to comment 
on proposed and/or continuing information collections, as required by 
the Paperwork Reduction Act of 1995, Public Law 104-13 (44 U.S.C. 
3506(c)(2)(A)). Currently, the IRS is soliciting comments concerning 
Form TD F 90-22.1, Report of Foreign Bank and Financial Accounts.

DATES: Written comments should be received on or before May 15, 2006 to 
be assured of consideration.

ADDRESSES: Direct all written comments to Elizabeth Witzgall at 
Internal Revenue Service, 5000 Ellin Road  C-3 242, Lanham MD 
20706.

FOR FURTHER INFORMATION CONTACT: Requests for additional information or 
copies of the form and instructions

[[Page 13675]]

should be directed to Elizabeth Witzgall, at (202) 283-2227, or at 
Internal Revenue Service, 5000 Ellin Road  C-3 242, Lanham MD 
20706 or through the Internet, at [email protected].

SUPPLEMENTARY INFORMATION:
    Title: Report of Foreign Bank and Financial Accounts.
    OMB Number: 1545-0009.
    Form Number: TD F 90-22.1.
    Abstract: Form TD F 90-22.1 is used to report a financial interest 
in, signature authority or other authority over one or more financial 
accounts in foreign countries as required by 31 U.S.C. 5314 and the 
Department of the Treasury Regulations (31 CFR part 103). No report is 
required if the aggregate value of the accounts did ot exceed $10,000. 
The data is required because of its high degree of usefulness in 
criminal, tax, or regulatory investigations or proceedings, or in the 
conduct of intelligence or counterintelligence activities, including 
analysis, to protect against international terrorism.
    Current Actions: Revisions have been made to the form and the 
instructions. The ownership of the form is changed wtihin the 
Department of the Treasury to the Internal Revenue Service.
    Type of Review: Revision of a currently approved collection.
    Affected Public: United States persons including both legal 
entities and individuals who are citizens or residents of the United 
States.
    Estimated Number of Respondents: 282,000.
    Estimated Time per Respondent: 20 minutes.
    Estimated Total Annual Burden Hours: 94,000.
    The following paragraph applies to all of the collections of 
information covered by this notice:
    An agency may not conduct or sponsor, and a person is not required 
to respond to, a collection of information unless the collection of 
information displays a valid OMB control number. Books or records 
relating to a collection of information under 31 U.S.C. 5314 must be 
retained for a period of five years under 31 CFR 38(d). Generally 
information provided in this report shall be available to law 
enforcement for a purpose that is consistent with 31 U.S.C. 5311, 
however this report and records of reports are exempt from disclosure 
under 5 U.S.C. 552, the Freedom of Information Act.
    Request for Comments: Comments submitted in response to this notice 
will be summarized and/or included in the request for OMB approval. All 
comments will become a matter of public record. Comments are invited 
on: (a) Whether the collection of information is necessary for the 
proper performance of the functions of the agency, including whether 
the information shall have practical utility; (b) the accuracy of the 
agency's estimate of the burden of the collection of information; (c) 
ways to enhance the quality, utility, and clarity of the information to 
be collected; (d) ways to minimize the burden of the collection of 
information on respondents, including through the use of automated 
collection techniques or other forms of information technology; and (e) 
estimates of capital or start-up costs and costs of operation, 
maintenance, and purchase of services to provide information.

Sandra Stolt,
IRS SB/SE BSA Compliance Policy Program Manager.
[FR Doc. 06-2541 Filed 3-15-06; 8:45 am]
BILLING CODE 4830-01-M